[Capital A, Parent Company of AirAsia, Signs MOU with Standard Chartered Bank to Explore Issuance of Ringgit-Backed Stablecoin in Malaysia] Capital A, the operator of AirAsia, has signed a memorandum of understanding (MOU) with Standard Chartered Bank Malaysia to explore the issuance of a stablecoin backed by the Malaysian Ringgit. This comes just days after a member of the Malaysian royal family announced the launch of a similar token. The two parties will jointly develop and test the stablecoin through the Digital Asset Innovation Hub regulated by Bank Negara Malaysia. Standard Chartered Bank Malaysia will act as the issuer, while Capital A plans to pilot wholesale use cases in real-world scenarios. This marks Capital A's first foray into the regulated digital asset space.